Alpha Cubed Investments LLC Makes New Investment in Twilio Inc. (NYSE:TWLO)

Alpha Cubed Investments LLC purchased a new stake in shares of Twilio Inc. (NYSE:TWLO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,970 shares of the technology company’s stock, valued at approximately $1,186,000.

Several other hedge funds have also recently made changes to their positions in TWLO. FMR LLC lifted its holdings in shares of Twilio by 0.8% in the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares during the period. Pacer Advisors Inc. boosted its position in Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Geode Capital Management LLC boosted its position in Twilio by 1.3% during the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after buying an additional 224,040 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its stake in Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after acquiring an additional 311,481 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Performance

Shares of NYSE TWLO opened at $111.98 on Tuesday. The stock’s 50-day simple moving average is $107.13 and its 200-day simple moving average is $79.44. Twilio Inc. has a fifty-two week low of $52.51 and a fifty-two week high of $117.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 over the last ninety days. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on TWLO. Morgan Stanley increased their price target on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday. Oppenheimer upped their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. UBS Group raised their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $93.74.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.